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20130227
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CSPAN
Feb 27, 2013 1:00pm EST
speaker boehner, senate democratic leader harry reid, and nancy pelosi, the house democratic leader, will attend the meeting on friday at the white house. on c-span we have been talking to capitol hill reporters about the potential impact of the sequester. here's a look at how it might be affecting the education department. >> joining us now from domination week is reporter allison klein, she's on the phone to talk about what she's education cuts could mean. good morning. we heard the education secretary call them dumb cuts. what the republicans calling the potential cuts to education? >> that's funny. they have been pretty quiet about that. i think it's a losing issue to come out and say we really want to make sure we cut programs like title 1, disadvantaged students, head start programs like that. so they have been fairly quiet when it comes to the education cuts and sequestration. >> let's look at some of the specifics, the white house is warning about a 8.2% across-the-board for most education programs. what else are we seeing? >> actually with the s.s.i. .3% cut because of some
CSPAN
Feb 27, 2013 12:00pm EST
-bowles commission, nominated by the majority leader, harry reid and i served with 17 others, six by the president, and six from each the house and the senate, democrats and republicans, equally divided, and we considered the deficit crisis facing america, and it's serious. we borrow 40 cents for every dollar we spend. that's unsustainable. no family could continue with that kind of a regimen, no could could and certainly no nation can. so we have to have deficit reduction. but we need to do it thoughtfully. first, we don't want to do it too quickly. i met with a group downstairs from illinois, they are civic and business leaders from the quad cities area in western illinois. and we talked about the fact that we are in an economic recovery but a slow one, and one that is taking hold but slowly. and we need to take care that whatever we do doesn't jeopardize economic recovery. right now, downtown the federal reserve board is trying to keep the economic recovery moving forward and jobs created, and the way they're doing that is keeping interest rates low so it's cheaper to borrow what's needed for a
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